With Apologies to George W. Bush: "It's Not the Government's Money. It's the People's Money."

'Win-win': Bill to eliminate taxes on Social Security benefits reintroduced — it would also extend the program's shelf life by 20 years.

https://www.yahoo.com/finance/news/win-win-bill-eliminate-taxes-115000255.html

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whowasthatmaskedman · 70-79, M

Social Security and similar govt benefits should never be taxed unless they are added to some other substantial income the recipient earns such as share dividends or an income based pension..😷

beckyromero · 36-40, F

@whowasthatmaskedman

But that's the point of legislation.

Why should those benefits be taxed at all? Recepients' wages when working were already taxed to fund Social Security.

whowasthatmaskedman · 70-79, M

@beckyromero Agreed. But some jobs have retirement for life benefits (Like ex President) If I am on $150K a year plus social security, shouldnt I pay income tax on it all?😷

beckyromero · 36-40, F

@whowasthatmaskedman [quote]If I am on $150K a year plus social security, shouldnt I pay income tax on it all[/quote]

You should pay ... on the $150K. Not on the Social Security benefits.